Tips and strategies on how to successfully sell your car

Selling a used car may seem like a daunting task for someone who is new at it. It involves careful planning and organization. The very first step is used car valuation.This task has become less cumbersome courtesy car valuation online. But in order to gain maximum benefit one has to keep in mind various factors while they sell cars.  Here are a few tips you should keep in mind if you want to sell your car-

·         First Impression is the last impression- This holds true in every case. If I want to sell my car then its outward appearance of the car is what the potential buyer will see in the ads which will make them approach you. So it is of utmost importance that one gives special attention to it to enhance second hand car valuation price.

·         Repair any existing flaws- Any problems that aren’t fixed in advance of a sale may scare buyers away. Its best to get it professionally inspected. However it doesn't make sense to pay thousands to fix them, unless you know your car's resale value will drop by more than the cost of the repairs if you don't do them. If you have a limited budget, prioritize the services and repairs that would stand out most to buyers. Any scratches and dents that may be present should be repaired prior to sale to gain more benefits during old car valuation.

·         Pay attention to interior- People always like to opt for cleaner cars which have been well maintained. Any flaws like dirty carpets, torn seat covers, dirt, stained seats and broken car parts are a huge turn off and a complete no-no for the customer. It is very important for you to convince your potential buyer that the car has been well cared for even if it is old. Retailers help make the car look new again by removing light scratches and paint imperfections, buffing the car, shampooing the carpets, degreasing the engine, and more. 

·         Proper inspection- It is best to take your car to a garage for a state safety inspection to make sure that the basics like tires, lights and brakes are in good condition. Ask them to top up all the fluids and ensure that all maintenance lights are off and the tires inflated properly.

·         Additional modifications- You should always try and top up your car with additional gizmos which may have crossed your mind before. Installation of these can lure customers to buy the used car and thus increase the price in car valuation for which they might have had to pay a larger sum had it been a new car. Needless to say the cost of installation should not exceed the price that you are to receive.

·         Make sure you have all your records in place- If you can show buyers all your maintenance and service records that will go a long way towards giving them peace of mind. Also it’s best to clear any legal records before you sell used car.

·         Good marketing strategy- You should take good pictures of your car from every possible angle for proper viewing of the potential buyer. Write four or five sentences describing the year, make, model, mileage, condition, features and any unique history that buyers will either want to know or will find out anyway. Make sure you advertise it in as many public forums as possible. Also the price should be kept in such a way that it isn’t too high to scare off the client or too low to not be beneficial to you. Always be open to negotiation. Also it is best to respond to your client as soon as possible because most buyers are looking at dozens of cars at the same time and in most cases the first seller to return the call gets the sale.

How is Indian BlueBook Car Valuation Calculator more precise than others?

In the modern era, the car is considered as a must vehicle. For a resident of the city such as Mumbai or Delhi, to move to any area, a car can be the best option. Hence people love to have at least one standard car at home. Those who cannot afford a new car, go for a second hand also.

While buying or selling a second-hand car, the car valuation is very important. For ease of valuation for an individual, there are many online tools available among which the IndianBlueBook car valuation calculator is much noteworthy and popular among traders as well as individuals.

Usually, all the car valuation tools are based on simple calculations of years and model type as well as driven kilometers. However, this calculator cares for other features also which as an owner one may have taken care of. The car valuation online is a common trend now as it is used by the seller who may be an owner or even a trader.

Let us find what makes this calculator different than others.

·         The network: The most lucrative feature of this calculator is its wide network from where it can capture the data, analyze, compare and calculate. The algorithm set here is based on more features than any other ordinary calculators in the market, and hence it offers fair value to the car as per the previous years. The most important part of this advanced calculator is its comparison of concerned models in the city and offering the old car valuation accordingly.

·         The data: The huge data on this calculator for second hand car valuation is another strong point of it. The data helps the system to have better analysis on different aspects which can lead to the better calculation of car value.

·         Statistical Model: The advanced statistical model of the used car valuation is the strength of this calculator. It helps the user with all of its statistical calculations and on the basis of the same offer better value.

·         Other factors that calculator considers: In different cities, there are different types, and models of cars are in demand. Many factors affect the sales of a specific car in a particular city. Hence the availability of the same model may be in a high amount in a particular city, and hence the used car valuation for the same may be affected. The passing of a car, car with limited editions, car with extraordinary features are also some of the important features that need to be provided due valuation which usually the tools do not go for.

Hence the IndianBlueBook car valuation calculator can be considered as a gen-next tool that takes all the considerable features into account and offers the valuation. That is the reason why a number of car owners who prefer to sell the car for resale or want to buy a used car first check the valuation on this tool and then deal. 

RENAULT DUSTER VS HYUNDAI CRETA - Car Comparision

A French multinational automobile manufacturer, Renault, was established in the year 1899. Renault was rated as the tenth biggest automaker in the world by production volume, in the year 2015. For the past many years, Renault has built up a flourishing market in India and continue to provide the Indians with quality cars at affordable prices.

Renault Duster has been a big hit in the market since its inception. This is a car made for the rugged terrains and that comes with a whole package of ABS, EBD and various other brake assists to always have control over the car even with not-so-friendly roads. All these features ensure that the car takes good care of safety of the driver and the passengers riding in it. It comes with a 7 inch Media – Nav system that rids you the worry of getting lost in the middle of nowhere. The car also comes with AMT and ECO mode that make driving easy and also increases efficiency by 10%. These constitute the main features of the car. Apart from these, the car comes with a number of conveniences namely – steering mounted audio, reverse parking sensors, front fog lamps, one touch turn indicator, air conditioning with heater and many more.

Hyundai is probably one of the biggest selling car companies in India. Hyundai is renowned for providing the Indian crowd with chic cars borne of state of the art technology at affordable prices. Hyundai cars are both stylish and comfortable and very hardy and easy to maintain.

Hyundai Creta is a compact SUV that comes with best-in-class features. The striking features embellishing the car include – touchscreen navigation which is an all compiled audio, video and navigation system, 6 airbags to keep all passengers of the car safe in times of danger and Hill Assist Control (HAC) which helps uphill or inclined surface climbing without the fear of rolling backwards. Various other features that come with the car include – ABS and EBD, keyless entry, roof rails, LED turn indicators, automatic transmission, diamond cut alloy wheels, 60:40 split rear seat and many more. The car comes in a number of colours including – mystic blue, pearl beige, phantom black, polar white, red passion, sleek silver and star dust.

Car comparison leads us to conclude that while Creta is a compact SUV, Duster is the perfect amalgamation of style and design. Duster is an amazingly fuel efficient car while Creta boasts of its great Hyundai value. Comparison of the new cars in the market makes one scratch his head since deciding on one of these two is tough. So it is always suggested that know your cars, compare cars in all aspects including a proper car price comparison tool and then only go ahead and buy one. Both the cars come within an affordable range, Creta within 9 to 15 lacs while Duster lies cozy between 8 and 14 lacs. The choice now has to be made among the two most renowned car manufacturers that have made their name both in and outside India and thus it is not easy to car compare. 

Used Car Valuation Tool Launched By IndianBlueBook

If you want to buy a new or a pre-owned vehicle then the first thing that should come to your mind is the IndianBlueBook(IBB). IBB is a pricing guide that helps you to find the exact worth of that vehicle and it is the first pricing guide in India. It plays an important role in finding Used Car Valuation. Though a large number of cars are now being selling in India and IBB derives the value of those cars initially as well as scientifically. The prices which are derived by the IBB will be the benchmark market price of the vehicles.

Offerings Of IBB:

It will go through various transactions with the customer and then only it evaluates and derives the price of the vehicle.  It is also said to be a kind of valuation platform that determines the Car Value by doing some researches. It also instigates the vehicle price should not be more or less than the price derived from them. It also offers you with different kinds of tools like Total Cost of Ownership (TCO) and value analysis.

It will allow you to get some good ideas about purchasing and selling of vehicle. Its blog will also be always updated with reviews to bring the customer with the updated knowledge of the vehicle price. It also serves as the one-stop shop. Since, customer shall research to get a good product with reasonable prices and also with good quality. By doing so it provides the best service to the customer and also makes them get updated about the new model also.

Used Car Valuation Tool

Vehicle Inspection Is Must For A Used Vehicle:

When you are going to buy a used car, then IBB instructs you how to check the vehicle you are going to buy. It is always somewhat tricky to know about the technical conditions of the used vehicle. You also not known why they are selling the vehicle and it is difficult to find out the issues in the vehicle. So you have to be very careful while buying the new vehicle and below are some of the instruction to be followed while making vehicle inspection of the used vehicle.

Some good inspections are already available for used cars and many of the customers don't know this fact.  Some people may think that inspecting the vehicle will always be a waste of money. While some people love the car they are going to buy and so they didn't think to undergo such inspection and it will be very hard in the future. Some of the customers may think that convincing them for inspection will be very difficult.

Seller Too Provides You With Inspection:

While inspection is very important while buying a car and also it will safeguard your vehicle in the future. Some will not undergo inspection while buying used vehicles, instead of that, they argue with the seller to reduce the price of the vehicle. It is also important to test drive the vehicle before buying it. If the result of the inspection is good means then you shall buy the car without any hesitation.

Most of the sellers in the industry allow you for inspection or they provide some mobile inspection for your satisfaction. If they don't allow you to inspect the vehicle means then there may be some problem with the vehicle. So it is must to undergo inspection before settling the final price of the vehicle.

Ten Common Mistakes People Make at the Car Dealership

When a buyer is buying a used car or new car, there are several mistakes that a buyer commits while he is dealing with the dealership.

1.       One should know exactly what you want

Before one goes to the dealer, the buyer should have a clear perception of what they want. The type of car they require, the car, the model etc. One should do an extensive homework first before going to the car dealership. Walking inside the store with no idea of their actual wants can lead to a real bad buy.

2.       One should take a test drive

There are many buyers who do not believe in taking the test drive. This is a must step that one should not skip. In a test drive, there are several things that one gets to know about the vehicle.

3.       One should negotiate on the basis of the ex showroom price of the vehicle and not the sticker price.

The buyer should first investigate about the vehicle, its manufacturing price and then see how much the dealer is charging for the vehicle. In this way the buyer will be able to strike a better deal.

4.       Do your own financing

Do not rely on the dealer to fix the financing of your vehicle. Usually a dealer proposes to fix because he will get a percentage from it. The buyer will land up spending more money than the actual amount.

5.       Do not pay in a monthly basis

Often we are attracted towards this monthly basis scheme, thinking that we can pay for the amount over a long time slowly and steadily. The dealer also proposes this idea to the buyer because in this way the buyer pays much more money than the actual amount. Hence it is advisable to pay the amount at one go or maximum in two instalments.

6.       If you feel the deal is not good enough then do walk away.

There are dealers who offer attractive proposals on the vehicles. The deals last for 24 to maximum 72 hours. See the deal and if you feel something is fishy do walk away. These are often loops created by the dealer to sell of a vehicle where maybe there is slight or major damage or some other thing. Usually the dealer will put such offers up only when they want to get rid of the material as soon as possible.

7.       One should not discuss trade in too early.

There are times when a buyer wants to sell old vehicle at a better price than the dealer.

8.       One should go to different dealers

There are many buyers who go to just one dealer and finalise the deal and purchase from there. This often leads to a loss. One should visit at least 3 to 4 dealers and see the ex showroom price and then consider the lowest one and negotiate accordingly.

9.       One should always insure

Insurance of the vehicle is very important.

1.   One should always question the dealer well on the extras.

When you are buying a vehicle and you have decided to sign the dotted lines, the dealer often forces upon the extras and charges a hefty amount. The buyer should say no as these extras or add ons he can easily get from the market at a much cheaper rate. 

HOW ACCURATE ARE CAR VALUATION WEBSITES

With the surge in demand for old cars, it has become a boon for owners of old cars ready to sell them off. New car prices are ever increasing, so a major chunk of the population are indulging in old car purchases. Now these cars obviously need to be in good workable conditions for them to sell themselves. But while for some, having a new car smell is of utmost importance, for others that is not issue as long as the car is able to provide them comfort and convenience for which they are buying the car. Whatever be the car, however old it may be, unless a proper car valuation is done, the deal cannot be sealed. Now this used car valuation can be made both online and offline. But people usually go for a car valuation online to avoid hassle of any kind. And in fact there are a number of online tools available to help you with your old car valuation or second hand car valuation. But the real question is who do you trust?

HOW ACCURATE ARE CAR VALUATION WEBSITES

All car valuation websites almost inevitably talks about ascertaining the market value of the car. Vehicle condition is always a critical variable. When one is buying an old car, he/she is definitely not asking for new car appearance or the new car smell, but a convenience and comfort of drive is the minimum expectation. So the car should be in proper workable condition to sustain a minimum tenure of 2-3 years, otherwise the purchase makes no sense at all. So a website giving information on car conditions is necessary.

There are many online car inspection agencies online which can come with car valuation service providers. So that is also a point to be taken in consideration when the question of reliability of car valuation websites arises.

So if a question arises as to “So what or who is the real authority?”, the answer would surely be – the Market. The market changes every day and therefore the market dictates the true market values of the cars. Sometimes, the car valuation websites gives the market values of some cars to be too high or low and that can pose as a problem.

It may so happen that 3 players of the entire car dealing business, namely - the buyer, the seller, and the lender, are all on different pages, i.e. different car valuation websites. Each player wants the most advantageous price based on the part he or she is playing. The market is the only element that evens the playing field.So the only source of getting a fair price would be the market. In order to get a fair price, according to the market, a used car buyer should aim for the middle of the price range offered by the different websites. One should avoid the highest prices and the lowest ones and be realistic about the same, i.e. too less a price should not be considered true. So, it is safer to stay somewhere in the middle to get a fair deal on the car transaction.

How to Estimate the Car Resale Valuation?

Summary: Before setting the price of a used car you should firstly do an online car valuation of the car then to increase the price there are certain factors like the brand and the popularity of the model which affects the price too. By keeping all the factors in mind you should set a price attracts the buyers.

The ex showroom price of any car is determined by two factors, one is the amount at which the dealer is buying and second is the state tax. The ex showroom price varies from place to place. The used car price of that model is comparatively lower.

There are several factors which affect the sale of the car.

The primary one is the demand and supply of the used cars in the market. If the car is a popular one then the price range is bound to be high of the resale value.

The second factor is if the model is brand new and you have bought it recently and you want to sell it then you will get much lesser price or if the company has launched an updated model similar to the model you have.

The third factor is you need to some home work online that is you need to see what others dealers have set the price of the model you own and also the condition. You need to compare it accordingly and then set a realistic price. If needed you can call up the dealers asking for help as to how to set the price, on which ground and they will help you out.

The fourth factor is the online gimmicks which you need to be aware of. There are many sites which say that will help you determine the price of your used car but the price they say is always an increased amount to impress the customer. What the person actually gets is much lower amount compared to the online price. One can know this if one talks to several dealers both in the city and out and who help out genuinely and then further by dealing with real buyers.

The fifth point is to set a price which you feel is appropriate for the car and not simply increase it just because you want it. You should inflate the price a little so that there is room for bargaining and even after bargaining and settling to a price you make a little profit. Making profit in the used car is nothing bad because you have done quite a lot of homework for it and you are selling off the car in a good condition with all repaired parts and handing over all the documents. 

WAYS TO KNOW ONE’S CAR PRICE VALUE ONLINE?

A car purchase can prove to be an extremely emotional event for a lot of people. So it should be dealt with utmost care. So naturally, proper homework is expected from both the buyer and the seller. Both parties should equally and truthfully contribute to make the purchase a success. If a seller cheats his buyer then he/she loses the trust of the client and that is never advisable. Similarly, the buyer is always advised to go prepared and well informed before finalising the deal, because once the deal is closed there is no turning back.

For buyers what is of most importance is assessing the used car valuation and accordingly ascertain the resale price of the car. Only after that can he/she make a lucrative deal. Now there a number of ways to assess the old car valuation and in fact it involves interplay of a lot of factors too.

So to get the perfect knowledge of your car valuation is not so easy. There are a number of online tools to help you guide through it. And this assisted car valuation online aim at allowing car transactions at just the correct price so that everyone wins.

They give you a list of factors that contribute to your second hand car valuation:

• ·         The price of the car when it was newly bought or it was a second hand car at the time of buying.
• ·         Age of the car and number of previous owners.
• ·         The usage or the number of kilometres the car has run and also the mileage of the car.
• ·         The condition of the car which should include the whole of the exteriors and interiors.
• ·         It depends on the regions and place of purchases. Some cars are preferred in some states/ cities and thus promise better resale. Also a car registered in one state or city gets comparatively lesser price if sold in a different state or city.
• ·         It also depends on the season. Convertibles sell better in the summer months while 4x4s sell in winter.
• ·         Manufacturer or the brand name. It attracts the buyers, wins their trust and also decides the depreciation rates of the cars. Cars manufactured by companies like Maruti, Hyundai, Honda and Toyota offer better resale values in India since these are mass favoured cars. And in general Japanese cars get better resale than the European, American and Asian cars in India.
• ·         Segment is an important deciding factor too. The depreciation is much higher in the higher segments. A premium luxury sedan depreciates much faster than an economy hatchback. Thus Honda, Subaru, Hyundai and Toyota top the list for retaining higher resale values more than the luxury car brands like Lexus, Acura, Infiniti, Mercedes, and Audi
• ·         The urgency factor of seller and buyer. The rule is simple, more you are desperate to close the deal, more you lose money. So the tip is to keep calm and not let the seller know about your urgency so much so that they start taking advantage of it. For seller, the buyer’s urgency to get ownership of the car is an added advantage which he/she can exploit to hike the price.

All these parameters are vividly explained in the online tools helping you put a price on your car and thus help you in your transaction. 

Maruti Suzuki Vitara Brezza vs. Renault Duster

The comfortable and convenient SUV cars in India are considered as the mounting segments in today’s automotive market. Maruti Suzuki Vitara Brezza and Renault Duster is considered as the avatar model of 2016. Both the car holds top-spec as they are widely preferred for its modern compactness. The comparison of new cars provides a detailed info on the features and specifications. Compare Cars consists of essential features like exterior, interior, engine performance and riding enjoyment. Vitara Brezza essentially provides a same proposition similar to that of the Duster with good ground clearance, feel of SUV and good economy.

Features And Specifications Vitara Brezza And Renault Duster

Exterior

The new model Vitara Brezza incorporates bolder design features such as tapered roofline, big honeycomb air-dam, elegantly developed clamshell bonnet, silver skid plates, eye-catching bumper up-front, vertical-slated chrome grille, rounded fog lamps comprising of rectangular enclosures and muscular body cladding. The exterior is painted by dual color tone. The Renault Duster comes with face-lifted front fascia to demonstrate newer outlook. It has been decorated with flared wheel arches, new gunmetal 16-inch wheel made of alloy, newly decorated air-intake, reworked headlamps, fresh grille and redesigned and tail lamp cluster.

Interior

To have a look on car comparison, consider its interior features which are quite important for enjoying ride. Being a top variant, Vitara Brezza holds push-button start, cruise control, automatic climate control, adjustable driver seat, rain-sensing wipers, LED projector headlamps, integrated turn lights (OVRMs), smaller quarter glass-windows and stylish roof rails. The maruthi Brezza incorporates interior features from Baleno such as automatic color systems, smartplay infotainment system, mapcare navigation, push button for stop or start, sliding front armrest, chilled govebox, reverse parking camera, cruise control and piano black finish-console.

Engine and Gearbox

Another essential feature in car compare is engine performance. The Vitara Brezza is powered by means of 1.3 liter engine which delivers power of about 89 bhp and 400 rpm. It comes with 4-cylinder turbo-diesel variant which provide fuel economy of about 24.3 kmpl which can carry about 1198 Kg. the torque by Vitara Brezza will be exactly 200 N-M. On the other hand, Renault Duster seems to be powered by DCi engine of 1.5 liter. It holds 4-cylinder with turbocharged diesel to produce power of 84 bhp at speed of 3750 rpm and torque of 200 N-m. It is mated with manual gearbox of five-speed to deliver fuel of 19.87 kmpl to carry 1248 kg of load. This comparison will paves way for enthusiastic and enjoyable riding.

Ride Quality and Handling

Both of the cars possess decent stability in terms of speed and for hard breaking. Duster suits all road conditions whereas Brezza ought to provide some careful all-it’s-got. Ruts and sharp bumps tend to hold Brezza whereas Duster stays unfazed by them.

Overall Performance

On doing car price comparison for Maruti Suzuki Vitara Brezza and Renault Duster, it is clear that the Vitara Brezza is affordable when compared to Duster. In terms of aesthetics, the Duster comes with varying style as it extends to 4 meters long. Vitara Brezza has additional features and cabin space so people loves to choose this model and will surely benefit the SUV lovers. It offers decent performance as well as pocket friendly budget for Indian customers. The overall performance of the Vitara Brezza is quite good along with its compactness so that one can enjoy riding in part of the city. 

Maruti Celerio Price, Specifications and Review

The Maruti Suzuki Celerio was launched in February 2014. The brand Maruti is a trusted company by the people and all of their products are reliable and the price is range is comparatively much lesser than the features. The Celerio when launched in India became a big hit among the people. The car looked attractive. The height of the car is 1560mm, the length is 3600mm, the width is 1600mm. It has a wheelbase of 2425mm. The front of the car has sharp edges which gives it a little sporty look. The side profile of the car is quite simple and stylish. It is quite similar to A-Star series which was previously launched but this one has more up to date rear indicators, boot latch and windscreen. The Celerio is equally attractive inside. The car is quite spacious and comfortable. It is technologically well updated as it has options to connect PC and IPod. It also has touch screen, Bluetooth connectivity, steering mounted controls etc. It has AC, total 15 utility spaces which holds phones, bottles etc. The number of seats in this car is 5 and the luggage capacity in litre is 235 and the fuel tank capacity is 35.  The car is updated with EZ technology. The technology being advanced makes the braking system great where overall you enjoy smooth driving. It has electronic power steering. The key safety features included in this car are ABS and electronic power steering. The engine of Celerio is like of the K series where the 1 litre 3 cylinder which generates power of 68bhp at 6000rpm and 90 Nm of Torque at 3500rpm. There is two types of engine petrol and CNG. The mileage of CNG is 26 in the city and 32 in highway and in petrol is 20 in city and 23 in highway.

 The Celerio is available in 3 trims and they are Lxi, Vxi and Zxi. The colours available for Maruti Suzuki Celerio are Blazing Red, Sunshine Ray, Cerulean Blue, Silky Silver, Glistening Grey, Pearl arctic White. The ex showroom price in Delhi ranges from Rs 4 lakh onwards. Rs 4 lakh for LXI MT trim, Rs 4.3 lakh for VXI MT trim, Rs 4.47 lakh for LXI AT and Rs 4.6 lakh for ZXI MT trim. The ex show room price in Mumbai ranges from Rs 4.36 lakh to Rs 6.26 lakh. 

IBB – Indian Blue Book Offers Professional Valuation Of Used Cars

Car valuation is the first step that a buyer and the seller should do before investing and before advertising respectively. First is to know the present price of the car and get all the details. The seller should not hike the price too much and neither the buyer should bargain and offer a lower sum of money than the valuation. Determining the exact car valuation is a must from both the sides. There are several car valuation companies in India and mostly they offer free service for determining the price of the car.

Car valuation is important for the following reasons:

Ø  It provides all the details for the customer who is opting to buy a used car.

Ø  The customer gets all the details form the car valuation chart

Ø  After getting all the details the customer has an idea of what is the actual price and the seller is asking for and whether he should invest or not

The website Indian Blue Book provides this opportunity to the users very easily. One just needs to type the two cars they want to know the features, similarities and differences and they will get their result in seconds. The new launches in the country or used ones all of them can be compared in this website along with a host of other opportunities.  There are a few steps you need to do before you decide to sell off your vehicle. These will only help you fetch a better price in the market and you will be able to strike a better bargain. The procedures are as follows:

·         First you need to go to any car site and type in all the details of your car, mileage covered etc and see the value of your car.

·         Secondly clean up your car completely. Remove all your things, fix any part if it needs to, wash it and if needed colour it too.

·         Thirdly take ample of photographs from all angles of the car both interior and exterior and post it in the site with every information needed to give about the car

·         Fourthly deal with the buyers alone. Do not let a third person come in between because he will charge commission for his task.

·         The buyers will bargain for the price but since you have already checked the value of your car and you have spent money in repairing and other stuffs include that money in the selling price and keep a little profit and say the price and stick to it. No matter how much the buyer bargains do not sell the car without keeping a profit because in future you will get more buyers.

·         Further keep all the documentation ready for the car. Ownership, registration, service papers and whatever documentation you have about the item.

·         When the buyer comes to visit and see the car keep it in a proper condition so that the customer is attracted to the item in first sight. Then point all the positive things about the car, do not miss out any single detail.

·         If the customer agrees to buy then handover the documents after he has paid the full amount.

·         After selling off your vehicle do go to the insurance company if it was insured and inform them about the sale and also from the showroom from you had originally purchased it within a span of 14 days. 

8 FACTORS THAT AFFECT THE RESALE VALUE OF A CAR

Assessing the resale value of a car is of utmost importance before one wishes to make a deal. Negotiations should under no circumstances bring in a great deal of difference in the price of the car and hence ascertaining the resale value of car is necessary.

There are many ways to ascertain the resale value of your car and there are a number of factors contributing to the resale value :

1.       Brand – The brand of your car is a significant contributing factor to its resale value and greatly affect the same. Sometimes the quality and condition of the car comes secondary to the brand, because it is the brand name that attracts the buyers and wins their trust. In fact the brand name decides the depreciation rates of cars. Honda, Subaru, Hyundaiand Toyota top the list for retaining higher resale values while Lexus, Acura, Infiniti, Mercedes, and Audi fare best in terms of luxury brands.

2.       Performance Parts & Aftermarket Accessories–Before making a deal make sure your car is equipped with all the latest accessories and gadgets available in the market. And if that is not the case, then be prepared to settle for a lesser price. A car adorned with all the necessary accessories like supercharger kits, high-end stereos, custom rims etc. issure to promise a better resale value.

3.       Exterior conditions – It is a given fact that before selling your car you have to make sure that the exterior of the car is not too worn out, because the exterior of your car is what your buyer will see first and any damage to the exterior no matter however small it is will definitely affect the deal.

4.       Interior Condition – The interiors of the car should be as spick and span as possible, because the driving experience and comfort is what matters at the end. And one should get his/ her money’s worth when buying an old car and the very first thing that they look into is the comfort of the inside of the car. So if you have a torn and worn out interior bother to get it fixed before selling it so that you get a handsome resale value on your car.

5.       Mechanical Condition – The car should be kept in a constant and proper running condition. Cars prone to breakdowns after a short drive will obviously fetch a low resale value. Also, be sure to present to your buyer the documents of car services and repairs so that they are aware of the car’s well - being.

6.       Drivetrains and Seasonal Demands - automatic transmissions are popular with the average used car buyer crowd, although manual transmissions are sometimes more preferred. Season is also an important determinant of car resale, for example - Convertibles sell better in the summer months while 4x4s sell in winter.

7.       Paint Colour – some customers can be very picky about colours and it is a fact that some colours sell faster than others. Also cost of keeping up with the colour maintenance can be an issue for the buyers.

8.       Mileage – The last but not the least comes the factor of mileage. It is rather an important contributing factor and it goes without saying that better mileage cars sell better than low ones. 

3 Indicators For Market Smart Used Pricing Decisions

There are certain factors which affect the used car pricing decisions. The probable factors which affect pricing are depreciation factor, location of the seller and checking out other dealers in his locality. But the seller before setting the price should visit websites like indianbluebook.com or carwale.com, zigwheels.com from where he can know the exact condition of his car. You need to fill up the basic queries like the model number, when did you buy and such things and the website will immediately let you know the depreciation rate and the present condition of the car. Accordingly you can set the price keeping a percentage of profit, if you have repaired or repainted the car or changed the tyres just include the price of it in the whole price and give the buyer a reasonable price and also a room for negotiation. In this way the seller can sell his or her vehicle in a stress free manner and does not has to worry about whether he will gain from the transaction or not.

·         The depreciation factor ---The car when it is being used from day 1 it starts depreciating and the depreciation rate varies from vehicle to vehicle. This one important factor which affects the pricing of the car as the buyer will always find out how much the vehicle has depreciated.

·         Location of the seller – This is important because the ex showroom prices vary from state and also the price. The price for used car will also vary according to the ex showroom rates. One can consult the showroom from where they have bought the car and ask them to help them to price it for you.

·         Keeping eyes open and see the other dealers selling similar models – This is another point which the seller should see that in his locality nearby is there any other seller who is selling the same model or similar one. If so then the seller should enquire about the price to know where he stands. By chance if the other seller is offering comparatively lesser price then it is probable that he will get more buyers.

Thus these are the three factors which the seller needs to keep in mind while deciding upon the price of the used car. 

Jan Feb or March? What are the best months to sell your car

There are certain times in a year, month or week when you should purchase certain goods. Car is also one of them. Usually companies when selling new cars give some promotional offer during the weekend. Another time when there is high sale of cars is during festivals. In India usually the companies provide some kind of discount and in those two or three days there is huge rush. The same goes for used cars but here the dealers are even smarter. They do not advertise the offers but one has to negotiate well with them for the used car prices.

For buying used car, one should not go to the dealers in the weekend, in the beginning or mid month and also in the beginning or mid of the year.

Similarly if you go to the dealer in the month end to buy a used car you will be able to better bargain with the used car prices. These dealers have a deadline that in one month the will be selling a particular number of cars and usually the number is high and they cannot meet it always. So if you go in the month end days then you can get a better deal as he will be willing to sell the used car at your price then or at the least close to your price. If you go to the dealer around the end of the year, like around the months October, November and December you will be able to better negotiate with the price than the other months. Just like before the dealers have the deadline to meet, the number of sales they do in a year and they will be more willing to sell the car at a negotiable price than the other months. They are also willing to clear out the stock and get new stock in the beginning of the year.

If you go to a dealer during the weekend for buying a used car, then there is quite a lot of rush for buying. Statistics have shown that in India used cars are sold more than new cars and thus the time when you go  to buy the car and there is quite a lot of rush then the dealer will bargain much and will stick to his price. It is considered that Monday is a slow day for business because whatever sale they have on the weekend days like Friday, Saturday and also Sunday they calculate them on Monday. Tuesday and Wednesday are the perfect days to go to a dealer to buy used car. Business is considered to be slow on the beginning of the week and especially on those two days and if you go to the dealer for buying the used car you will be able to get a better bargain.

Thus the time to go to a dealer for buying used car is the beginning of the week, end of the month and end of the year. Instead of January one should go around March April then one cans trike a better deal with the dealer. 

Check out the specifications, features and price of Hyundai Eon

Hyundai is a brand that has been in the market for several years. The product it produces is usually loved by the masses. It tends to have all the desired features and specifications within a good reasonable rate. The Eon series is no different. It is a 5 seat car with an average mileage of 21.1.The Eon has 6 variants and they are: Hyundai Eon D-Lite, Hyundai Eon D-Lite (O), Hyundai Eon Era, Hyundai Eon Magna, Hyundai Eon Era, Hyundai Eon Magna, Hyundai Magna (O) and Hyundai Sportz.

The exterior of all the variants are similar. The exterior decor is simple yet classy It has a sporty kind of look which looks very attractive. The variant D- Lite that is the base variant and the features are common in all the variants but in the other variants there are a few more specifications. The variants for the base one are as follows: There is the hub cap the manually adjustable driver side OSRVM, the clear head, tail and side repeater lamps, the integrated HMSL, the chrome rear emblems and the 2 tone- black plus chrome radiator grille. The interior features which catches the eye is the two tone beige and brown colour interior. The combination of the colours gives it a very comforting look. There is the PU steering wheel, the PVC gear knob, the door trims which are H board type, the front and rear grip, the wind shield mounding etc. The D-Lite (O) has all the above features including the manual AC.  The Era has all the above features of both the variant features and additional features like EPD indicator etc. The Magna has all the base features and the above variant features and a few more features like the central locking from the driver’s seat, the front power windows, tilt steering, moulded door trims etc. The Magna (O) has a few more additional features including the base and above variant features. The additional are like the audio system, USB, connectivity. The Sportz has the base plus all the above features of all the variants plus driver airbag, keyless entry, aluminium finish steering wheel, coloured handles etc.

The colours available are Star Dust, Silver Creek, Red Passion, Pristine Blue, Polar White, Mushroom, Maharajah Red, Ember Grey, Coral White. The Hyundai Eon ex showroom price in Delhi are: The Eon D-Lite costs RS 3.24 lakh, the Eon D lite (O) costs Rs 3.5 lakh, the Eon Era cost Rs 3.64 lakh, the Eon Magna(O) cost Rs 3.95 lakh, the Eon Sportz cost RS 4.23 lakh.

Costs To Consider While Buying A Car

Buying a used car is not an easy task. Apart from searching a good dealer, evaluating the car well, thinking of the depreciation rate one should also consider the costs too while buying the car. There are certain factors which one should keep in mind like:

·         The cost of insurance

·         Depreciation

·         Taxes and Fees

·         Negotiating a sale price

·         Research the purchase

The Cost of Insurance

An older used car has cheaper insurance rate than a brand new one. The buyer needs to check how much he can spend on the insurance factor.

Depreciation

The depreciation is a very important factor. The new car loses 15 to 20% of its value each and every year. If the car depreciated quite a lot and the buyer is looking for finance for that car then he will be paying more than its actual worth. Because if a car had a certain then over a period of time it lost that value and the buyer will get loan for the actual price but he needs to repay the loan plus the depreciated amount which he did not use.

Taxes and Fees

There are several taxes that the buyer has to encounter like: State and local tax- This depends from which state on belongs to and then the sale price of the car. According to the calculation the state and local tax is added. Department of motor vehicle fees- The registration costs basically depends on the type of vehicle. While buying a used car one just needs to transfer it to their name. A documentation fee- This varies from city to city and one needs to pay this and clear it up.

Negotiating a sale price

This is a very important step. As the dealer always hikes the price amount to a good considerable amount and then asks for the price.  The buyer should research well have a good idea about the price and then go and bargain with the dealer

Research the purchase

Perhaps this is the most important stage while buying a car. The buyer must do a detailed study of the car he wants to own. Right from its value, to the depreciation rate the buyer must know all tiny details of the car he wants to purchase. He should also know its financing options and check how much extra he has to pay. He should do a good detailed study whether to buy the used car or to settle for a new car with lesser options of that range. After deciding then comes the price factor and other factors.

Get True Value For selling a Car

Whenever we think of purchasing or selling an item we think of loss and gain. Similarly when we sell or purchase an expensive item like car we think about the item’s valuation i.e. the car valuation. Car valuation is basically checking the used car’s price presently in the market. For selling the car you need to check the present price of that model, how much is it in demand and what value will you get in return. For selling a used car you will first need to check the car valuation from websites like indianbluebook.com and then follows a few more steps.

·         You first need to go to any car site and type in all the details of your car, mileage covered etc and see the value of your car.

·         Secondly clean up your car completely. Remove all your things, fix any part if it needs to, wash it and if needed colour it too.

·         Thirdly take ample of photographs from all angles of the car both interior and exterior and post it in the site with every information needed to give about the car

·         Fourthly deal with the buyers alone. Do not let a third person come in between because he will charge commission for his task.

·         The buyers will bargain for the price but since you have already checked the value of your car and you have spent money in repairing and other stuffs include that money in the selling price and keep a little profit and say the price and stick to it. No matter how much the buyer bargains do not sell the car without keeping a profit because in future you will get more buyers.

·         Further keep all the documentation ready for the car. Ownership, registration, service papers and whatever documentation you have about the item.

·         When the buyer comes to visit and see the car keep it in a proper condition so that the customer is attracted to the item in first sight. Then point all the positive things about the car, do not miss out any single detail.

·         If the customer agrees to buy then handover the documents after he has paid the full amount.

Thus for selling a used car the first step is to check the present car valuation and proceed with other things.